The cost of “socialism”

The cost of “socialism”

Current European tax rates:

United Kingdom

>

Income Tax:  50%

VAT:  17.5%   TOTAL:  67.5%

Germany >

Income Tax:  45%

VAT:  19%      TOTAL:  64%

France >

Income Tax:  40%

VAT:  19.6%   TOTAL:  59.6%

Greece >

Income Tax:  40%

VAT:  25%      TOTAL:  65%

Spain >

Income Tax:  45%

VAT:  16%      TOTAL:  61%

Portugal >

Income Tax:  42%

VAT:  20%      TOTAL:  62%

Sweden >

Income Tax:  55%

VAT:  25%      TOTAL:  80%

Norway >

Income Tax:  54.3%

VAT:  25%      TOTAL:  79.3%

Netherlands >

Income Tax:  52%

VAT:  19%      TOTAL:  71%

Denmark >

Income Tax:  58%

VAT:  25%      TOTAL:  83%

Finland >

Income Tax:  53%

VAT:  22%      TOTAL:  75%

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